Opendoor Stock Plunges 24.6% Amid Mixed Earnings Ranks 278th in 420M Dollar Trading Volume

On August 6, 2025, Opendoor (OPEN) closed with a 24.60% decline, trading at a volume of $0.42 billion, a 23.04% drop from the prior day, ranking 278th in market activity. The stock’s performance followed mixed Q2 earnings results and cautious forward guidance.

Opendoor reported $1.6 billion in revenue for Q2 2025, a 4% year-over-year increase, and achieved its first positive adjusted EBITDA of $23 million in three years, reversing a $5 million loss in Q2 2024. However, contribution profit fell to $69 million with a 4.4% margin, down from 6.3% in the prior year. The company purchased 1,757 homes in Q2, a 63% decline from Q2 2024, reflecting a strategic shift to reduce inventory and focus on agent-led initiatives. Net inventory stood at 4,538 homes valued at $1.5 billion.

Management highlighted a transition to a distributed platform model, integrating real estate agents to drive conversions and commission-based revenue. Early results showed twice the conversion rate to final underwriting compared to traditional models. However, the housing market remains challenging, with high mortgage rates suppressing buyer demand. Opendoor’s Q3 guidance projected revenue between $800 million and $875 million, a sharp sequential decline, and adjusted EBITDA between $28 million and a $21 million loss. The company also noted a lag in realizing the financial benefits of new initiatives, with meaningful impacts expected in 2026.

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